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.s. are expected to have slowed significantly in november as hurricane sandy battered the economy. and euro hits a session low, 0.4% as problems in europe's periphery continue to weigh. a powerful 7.3 magnitude earthquake has struck across japan's northeastern coast. the quake rocked buildings as far as tokyo according to reports. u.s. geological survey said there was no threat in the wider pacific ocean. the yen has been rising to a session high before we got details of that. and right now, you can see dollar-yen at 82.39. 82.17 before that happened. some safe haven in-flows into japanese currency. if there was going to be a wave in terms of tsunami that was going to hit, it would have happened around five, six minutes ago and she had yet to see any specific drop or change in the sea level. so we'll hope that that continues on that particular way. atomic power says no irregularities seen at its nuclear plant. operations are normal after the quake. so we'll keep our eyes on that. and we'll see if there's any further reaction, as well. hurricane sandy is expected to have put a big department in t
since super storm sandy hit the east. any jobs that were lost economists are expecting a lousy report as a result of the storm. but regardless of what the number is, we are still one day closer to the fiscal cliff. even though speaker of the house john boehner's office says the lines of communication on both sides are open we know one thing is not being discussed by democrats and that one thing is extending the busheir raw tax cuts for top earners. >> oo i am not going to sign any package that prevents the top to go up but i am going to get something that is good for this fm lay and good for the american economy. >> in the senate mitch mcconnell proposed a vote on the part of the president's proposal that would allow the white house and not congress to control on its own without their input. but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for their votes. so i guess we are left to conclude that it couldn't pa
department says sandy had only a minimal effect. is it true a clean number and what are conspiracy theorists saying. >>> a comment hastings made last july. what does it say about s.e.c. rules and whether they are out of date. >> mcdonald's will post same store sales on monday gets an upgrade to buy taking the forecast to a street high after surveying franchisees. we begin with november jobs number. 146,000 nonfarm jobs added last month above forecast of 80,000. october and september payrolls were revised lower. unemployment rate fell by 0.2 to 7.7. that's the lowest in four years. the dip occurring mostly because more people stopped looking for work and were not counted as unemployed. as for hurricane sandy, the labor department says the storm did not substantively impact the november results and that probably was the biggest surprise to everybody. >> this is a very strong number. i think only u.s. government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's
. >>> we're going to find out how hard super storm sandy slammed the economy with the government's november jobs report. economists fear sandy battered hiring with estimates of 80 to 93,000 jobs added. that's compared to 171,000 in october. >>> well, good news though from yesterday's weekly jobless claims which held steady right around the pre-storm level. >>> elsewhere, apple says it will begin making one of its mac lines here in the u.s. next year. >>> growing criticism across the pond. starbucks is foregoing certain tax deductions that helped reduce its tax bill to zero in britain agreeing to pay $32 million it does not owe. >>> the securities and exchange commission says netflix chief reed hastings may have violated fair disclosure rules with a facebook post saying monthly streaming hours had past 1 billion. netflix stocks soared 6% that day. >>> ibm is revamping its retirement plans contributing to employee 401 k accounts just once a year. >> "the wall street journal" reports the washington post will soon begin charging for online articles after a certain number of free ones. >>> sad n
say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stocks rallying to 2012 highs overnight. the nikkei edging lower after hitting a se hitting hitting a seven month closing high yesterday. european trading, shares seem to be fwllat. bundesbank announced it had cut its growth outlook for the country. in the u.s., the nasdaq snapped its losing streak yesterday with its first gain in five days. the dow was on pace for
storm. >> if sandy were to come close r directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure that they stay on track. we are here to make sure that they graduate. we want to prepare them for high school. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that nnec us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pb
be 8%. and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, college gameday, i'm watching like some of those other news stations -- and then of course sunday morning whoever -- you don't even pay attention -- football means nothing now, right? it's all this. last week we
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is that sandy had no substantive effect on the data. here are the numbers. unemployment down to 7.7%. the economy added 146,000 jobs, not great but good. a third of that came from the retail sector. 53,000 jobs added. professional and business services up 43,000. leisure and hospitality up. construction, though, lost 20,000 jobs. we should note that jobs numbers were revise d downward, though, for september and october. in september it was revised from 148,000 gain to 238,000. went from 138,000 to 132,000. this month, the 7.7 is a full point lower than where we were at this time last year. so what are we supposed to make of these numbers and does the november report provide us a real sense of where this recovery is right now? let's bring in the man we like to bring in every month, the chief economist for moody's analytics. mark, i have to start with this sandy impact. the labor department specifically put out a statement saying our survey response rates and the affects ee eed states. it did not affect estimates for november. do you believe that? >> i'm skeptical. i mean, new yorke
a personal plea for federal disaster aid in the wake of hurricane sandy. the republican governor paid an unannounced visit to the white house to ask the president for $83 billion in aid for new jersey, new york and connecticut. he also met with members of congress. it was their first meeting since touring new jersey disaster areas in late october. >>> tea party leader and some say gop king-maker, senator jim demint of south carolina, is stepping down from congress, this happening on january 1st. demint will become head of the heritage foundation. that's a conservative think tank with an $80 million-a-year budget. demint is just two years into a second six-year term, and south carolina governor nikki haley will appoint his successor. >>> so, 2012 was officially the most expensive election in american political history. the final reports show that spending on the campaign broke the $2 billion landmark and milestone in its final weeks, helping set the record. las vegas casino mogul sheldon adelson and his wife poured more than $95 million into super political action committees that helpe
's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i like feeling both clean and pampered. why should i compromise? quilted northern ultra plush® with the innerlux layer. for a comfortable, confident clean, or your money back. maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> three, two,
of hurricane sandy. president obama's expected to ask congress for an additional $50 billion to help states hit by the october storm, but christie says sandy will cost new jersey alone up to $37 billion. new york governor andrew cuomo and new york city mayor michael bloomberg also made similar trips to d.c. recently to push for more federal support. >>> after a delay noted by none other than "the new york times's" maureen dowd, secretary of state hillary clinton is coming to the defense of u.n. ambassador susan rice, calling her a stalwart colleague. rice is seen as a top pick to succeed clinton in the state department, but is under attack by republicans who accuse her of misleading the public in the aftermath of the september 11th attacks at the u.s. consulate in benghazi. >> and it's important to remember what susan said was based on the information that had been given to every senior official in our administration, and she made very clear in her appearances that the information was subject to change as more facts were gathered and analyzed by the intelligence community. and look, as is often
today. did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came v
at the economic recovery, but how accurate will the numbers be in the wake of hurricane sandy? >>> the nfl commissioner is considering eliminating the kick off ya in football games. would it make the game safer. >> coy wire is a sports analyst. chad sweet is a former cia director of operations. and ken baer is a white housed a virus. todd carmichael is the host of dangerous grounds. howard kurtz will join us. and economic diane swonk rounds things out for us today. "starting point" begins right now. >>> good morning. welcome, everybody. let's begin with developing news this morning. a tsunami threat to tell you about was just lifted in japan. the country was rocked by a powerful 7.3 magnitude earthquake. it hit off the coast of tokyo. the buildings there shaking. you could see some of the video showing the degree to which they were shaking. alex, what's the latest? >> reporter: it has been a very, very tense few hours here in japan after you mentioned a 7.3 magnitude earthquake striking late here in the day on friday. but just in the past 90 minutes or so, the all clear has been given. the
number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed's buying $85 million a month worth of treasuries, i think you are going to have to like commodities. > what is your play on the dollar? > > i would have expected it would have had a little more strength this year, especial
the final jobs report for 2012. they are expecting the numbers to be weak due to sandy. and we have more live from washington with the details. and what are the experts seeing that are the signs. >> you know, charley, if the report is weak, it is mother nature that will be partly the blame. you remember sandy that hit that happened at the end of october. and (technical difficulties with audio) >> it looks like we're having a technical problem with the live shot there. we apologize. we'll figure out what the problem is and bring you that report in a bit. parents from a school in baltimore are asking why a man who was charged now with raping a 15-year-old girl was allowed to be alone with the children in the first place. that suspect was a temporary contractor. and now parents say that he met and counseled students there. >> they don't know what he was. he was allowed complete access to children. >> , they meet with officials. no cameras were allowed inside but the parents we spoke with say they want answers on this. they want answers on why he was allowed to be in the school in the firs
vÍctimas de sandy en new york y nueva jersey. y a un mes de tomar posesiÓn como presidente de venezuela. hugo chÁvez, sigue sin aparecer. se completan 21 dÍas, de silencio, total. vamos con toda la informaciÓn. este es su noticiero univisiÓn. ediciÓn nocturna. con ilia calderÓn y enrique acevedo. buenas noches. y les habla felix. el impacto por la entrada en vigor del consumo de marihuana con fines recreativos en el estado de washington. mientras aquÍ cientos de personas salieron a festejar y a fumar la haoer va en latinoamÉrica se preguntan si tiene sentido, la dura gerba contra el narcotrÁfico. que allÍ se libra >>> nos trae un amplio panorama. la cuenta regresiva. espera que las campanas del reloj marque la 1 de la medianoche. y el uso recreativo de la marihuana. el as pirarla es le. . los residente elling del estado washington tienen opiniones divididas. >>> me parece muy bueno que lo a probarÁn el gobierno puede ejercer mÁs control. la lady ze que no pueden fui maya en lugares pÚblicos al parecer las autoridades decidieron cerrar los ojos por una horas. para permitirle
things forward. i think it's really remarkable and i think we all now recognize with hurricane sandy, with the inclement weather and the winter we're having now that climate change and renewable power and local energy provision is paramount and we need to main ain and amplify that commitment as a city. i also continue to have my eye on the prize of the local build out and the promise of that because i think not only is the job opportunity great, and all kinds of implications around work force training and at the local level and diversify that source and needs to be local and hurricane sandy has shown us that. that if there were nor localized power 4,000 people wouldn't be out of power right now so i am supportive of moving forward as quickly as possible with the education and outreach that needs to happen. i also concur with president torres and this is organic and evolving and this financing piece is really an important discussion to have and i would welcome having that with the lafco to talk about if the possibility of local build out over this four year contract could reduce th
segÚn el mandatario simboliza la esperanza. este pino que mide 23 pies sobreviviÓ a la tormenta sandy ya que fue transplantado antes de los fuertes vientos y lluvias. asi fue que el presidente obama junto sus hijas sasha and malia, su espoa michel y su suegra marian robinson. le dieron la >>> jueves 6 de diciembre y son las principales noticias. el presidente de colombia, se queja de que mientras las autoridades en sudamÉrica, perece gen a campesinos cultivadores de marihuana, ahora en estados unidos, la fuman legalmente. tenemos el debate. en el condado de los angeles, no entregaran a las autoridades de inmigraciÓn a los indocumentados detenidos por delitos menores bajo el programa de comunidad. 5 semanas despuÉs, no termina la pesadilla, para muchas vÍctimas de sandy en new york y
of that because of superstorm sandy halting hiring. we know a lot of employers seem to be holding back until lawmakers come to an agreement or not on the fiscal cliff. meeting expectations -- median expectations would be 85,000 jobs. over at macy's, we know there are a top -- are a lot of temporary workers. they will be burning the midnight oil. stores will stay open for 48 hours straight between december 24 -- december 23, and december 24. good news if you like your morning orange juice. we could see an easing of prices trickled down to consumers. the current crop could be bigger than the government is currently expecting. netflix ceo under pressure on the sec. a study showing that gays earn more and owe less. >> we will check back in with you soon. thank you so much for that. 4:30 it is your time. >> still to come and good morning washington, growing concerns over the crisis in syria. >> looking a lot more like christmas outside the white house. the first family of flipped the switch on the national christmas tree. it is the first year for this particular 30-foot tree. that is carrying on
was on an island shooting "survivor." >>> after heading to d.c. to ask for aid for superstorm sandy damage, chris christie explains his change of heart to president obama days after the storm and days before the presidential election. check out what he told jon stewart on "the daily show." >> people have different skill sets at different times. >> i see. so he wasn't a leader until you needed leadership. >> maybe until -- maybe until he was presented with an opportunity to lead. >> all right. >> critics call it a step towards union busting. protests against a proposed new labor law in a state known for organized labor. we are live from michigan next. >>> and call it man versus python. the state of florida needs your help to kill thousands of massive reptiles. why does this sound like it may not end well? they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toot
storm sandy appear to be passing. new claims fell by 25,000 in the week ending december 1 to a lower than expected 370,000 requests. that's raising hopes about november's jobs data, which is due out tomorrow. grey, and christmas says u.s. employment firm challenger, grey, and christmas says u.s. companies annnced 57,000 job cuts last month. separately, the number of planned job cuts rose 20% in november from october's levels. on wall street, the dow rose 39 points, but the nasdaq added 15, the s&p up nearly five. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the ki
economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the christmas tree this year? >> a day that still lives in infamy. the anniversary of the attack on pearl harbor. >> scattered showers today. >> more and more motorists >> more and more motorists getting out on the area roads ♪ oh, what fun it is to ride... ♪ get in the holiday spirit with dunkin's peppermint mocha, new white chocolate, or gingerbread flavors today. america runs on dunkin'. >> we take a look outside. clatter skies. 42 degrees downt
no effect, as many had expected, from hurricane sandy. this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wast
rate falling to 7.7%, the lowest since december 2008. there had been concern that is hurricane sandy could afblingt the numbers bit only had a minimal effect. employers added fewers jobs in october and september than initially estimate pped and the unemployment rate fell mostly because more people stopped looking for work. earlier today on capitol hill john boehner commented on the fiscal cliff negotiations with reporters. >> this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and jobs the white house has wastde another week. secretary gitener came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending thanned the in cuts. and an indefinite increase in the debt limit like for ever. now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate stradgeji to slow walk
this in perspective, one former cbo director says the costs of hurricane sandy could easily wipe out most of next year's savings. >> with a trillion dollar deficit right now. so if you cut 94 billion and nothing else changes you barely dented the deficit. the other programs are growing. we'll not see spending decline. in fact we'll likely have a emergency spending bill for sandy that is 60 billion. 94 is gone right there. >> even with a trillion dollars in cuts federal spending is on the way up every year starting with 3.5 trillion this fiscal year. nearly 3.6 trillion in 2014. 4 trillion by 2016 and 5 trillion by 2021. the cbo says even allowing 5 trillion in tax increases to hit the economy the next decade the federal government still spends $2.3 trillion more than it takes in. back to you. melissa: oh, rich edson thanks so much. adam: you think with the physical problems the country faces zooming at us like a 1959 he had sell going at us on a one way treat there would be sense of urgency. president obama has no meetings, no public appearances on the issue planned at least so far today. brad blakema
at 7.9%. economists blame everything from sandy to worries over the fiscal i cliff. >> reporter: the fiscal cliff is still three weeks ago the economy may have already taken a hit economists predict the jobs report will show employers added fewer than 100,000 workers in november. superstorm sandy may be part of the reason, worry over the fiscal cliff may have also had an impact. some estimate at least 200,000 fewer jobs have been created this year, due to urn certainty about the fiscal cliff. -- >> reporter: >> the president: it is important we get this done now. >> reporter: in washington republicans and democrats are talking, no breakthrough locked in a stalemate. president obama demanding higher tax rates for the wealthy and permanent extension of the debt ceiling be part of a deal. >> he showed what is he is after is assuming unprecedented power without limit. >> reporter: republicans say they will only raise tax revenue in exchange for deep spending cuts. if washington can't strike a deal one casualty would be the end of compensation for long term unemployed, people like me
complicate efforts for superstorm sandy relief. 3 he isited he president at &pthe white house... thee he mm with senatorr from his own state... before sllpping in to meet the sseaker of the house... "i'm going home guys. pressdential candidaae... who l is rarely at a loss for words... departed tte nation's silence. as ii turnn oot... the new jersey goveenor's quest for money to ebuild his may be colliding with another ooher words... bbd timing. (reporter: is there any chance anyyof this will get talks?") "well look it doesn't come at an opportune time because of the fiscal cliff, both the talks and the fact that we're short on money but traditionally what this pountry has done was treat a from the storm ravaged statts believv the obama pdministration will propose roughly 50 billion ddllars in reliif... far hort of whatt (reporter: "is here that kind of money lying around?") of money lying around. it's &psuch a complex time ight now ww're deeling witt a host of fiscal issues, we're tryyng to preveet our country from going off the fiscal cliff." senator republican colleaaues would &plike
sandy. >> sure. but let me tell you this-- (applause) >> not having, but not having-- wait a second, not having a state-based exchange is not the equivalent of not having coverage. because you could have a partnership with the state, or a federal exchange. >> jon: this was a plan that they designed. my point was this, in a larger philosophical point it always seems to me that for the republican party if it's not something they personally need, it is an entitlement of the 47% that are sucking things out of the government. >> but when they need it, when they need it, there is all the reasons in the world why it should be there to the tune of $30 billion. >> see this not something the republican party needs. -- exactly right. >> what i'm doing is representing every person in my state. >> exactly. >> republicansing democrats and that's what we are doing but it's not what the republican party wants or doesn't want. there could be differences in philosophy, jon. >> jon: the philosophy i seem to always see from them is things that other people need are entitlements am things that they need
sandy but a lot of people stopped looking for work. the good news and the news behind it coming up. >> check the credit card statements. you could be spending hundreds of dollars in recurring payments for stuff you may not use anymore. it is all ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city, a free syria can never include the syrian president bashar al-assad. that today from our secretary of state, hillary clinton, after holding talks on the future of the nation's fighting with the civil war. she met with her russian counterpart and the united nations special envoy to syria over how to stop the violence that has killed more than 40,000. russia has blocked u.n. security council efforts to remove the syrian president. that did not stop secretary clinton from saying any plan for syria's future must not involve the man with the blood of so many of his men, women and children. >> the issue stands with the syrian people in insisting that any transition process result in a unifyied democrat syria in which all citizens are repres
in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hope. i don't think we're going to boom. we won't grow 4% we will grow between 2% and 3% real growth next year in 2013. fiscal cliff even with the fiscal cliff. dave: you and i agree with it will take to get the economy growing stronger because we are like-minded with that. you don't like the economic policies the president is proposing. dozen there come a time when those economic policies to stifle the economy and strip it up? >> absolutely. when we look back in history 1970s had big growth in government and when you have big spending like we do today you get weaker growth. france for 40 years has grown numb to% real gdp and 8% unemployment. they think it is normal. the good news is america doesn't think it is normal and you have to keep pounding the table that this isn't normal. it is not good. so do i. the only way to get back up to good growth is to cut the size of the government. i still believe we have eight to ten years even on th
with unemployment still hovering at about 7.9%. this is the first report since hurricane sandy. the ongoing negotiations over the fiscal cliff. if that issue is not resolved in time, we will have uncertainty in the new year. at this point, the negotiations are now down to president obama and john boehner. >> we mentioned superstore senate. why should that storm play a big role in the jobs report? >> we hear about new york and new jersey being impacted. 24 states were impacted. retailers closed and other businesses closed. if there was no super storm sandy, the economy could have added 200,000 jobs. instead we are looking at at about 100,000 jobs. >> 5:07. 33 degrees at the airport. and get some ceremonies to remember the anniversary of the attack on pearl harbor. >> attempting to hand over classified information. what he tried to leak. >> this is exit 17 at padonia road. volume is still light. weather and traffic when we come weather and traffic when we come back ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. vi
sandy also likely slowed job growth last month. negotiations on a budget deal will continue today. meanwhile, president obama says a northern virginia family is proof that a deal must get done before the end of the year. he met with tiffany and richard santana yesterday. the middle class couple is living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> at first it was just that white house.gov was going to come and get a little more information about our story, and we really thought it was going to be that, just white house.gov coverage. as the days went on, we understood that that senior white house officials was the white house official. so it was pretty exciting for us. >> president obama and lawmakers now have less than four weeks to reach a deal to avoid steep tax hikes and spending cuts from taking effect. >>> 4:34 now. melissa mollet is at the live desk with breaking news. good morning, melissa. >> good morning. sirens are going off. a tsunami warning in japan. take a look at this video we
in the aftermath of hurricane sandy was the hot topic at the white house today. as emily schmidt reports, emergency emergency's governor made a house call to make his plea for more aid. >> reporter: it didn't take long to see hurricane sandy's damage was bad. now officials are gunning to say just how bad. the numbers emerged at one capitol hill hearing after another this week. >> fema has provided over 14 million meals, over 16 million liters of water, over 1.6 million blankets and over 100,000 tarps. >> forced hundreds of thousands of families from their homes. >> one subway station south ferry is going to south over $500 million, nearly 600 million to repair. >> reporter: families impacted by the storm say it has been a huge blow. >> it doesn't seem like new york. i feel like we're in a third world country right now. >> reporter: so the governors of two state hit hard by sandy are taking their case to washington. new jersey governor chris christie meeting with white house and capitol hill officials thursday, new york governor andrew cuomo making the trip on monday. combined they are asking for
above expectations. 146,000 jobs added in the month of november. sandy did not have that much of an impact on the numbers. unemployment fell to the lowest level in nearly three years to 7.7%. more people stopped looking for work, all together. consumer sentiment, not as strong heading into the holidays. preliminary index actually fell in december. economists had to look for a slight increase. investors continue to get out of apple. the tech giant having its worst week since they of 2010. apple is in they are barking territory. shortly after the iphone5 came out, part of it in the near profit. let's get to the floor show. bobby, i want to start with this jobs number today. the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung u
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